Aleafia completes purchase of greenhouse facility in Niagara
Medical cannabis firm Aleafia Health Inc has completed the acquisition of a modern, fully automated 160,000-sq.-ft. greenhouse in the Niagara Region, the company announced.
Renovations at the facility are already underway, with the site expected to be retrofitted and licensed before the end of 2018. First harvest is expected in spring 2019. The facility will join Aleafia's existing licenced facility in Scugog, Ont., which is expected to undergo a 150,000-sq.-ft. expansion, the company said.
"This is a significant milestone in Aleafia's history. We made a commitment to increase production capacity to secure product for medical cannabis patients, and this acquisition is a large step towards following through on that commitment," said Aleafia's chairman Julian Fantino.
Related: 10 misconceptions about greenhouses you should ignore
Aleafia is a vertically integrated medical cannabis company with a unique focus on delivering quality patient care from "seed to sale." It maintains a singular focus on the medical cannabis market, operating the largest brick and mortar medicinal cannabis clinic network in Canada under the Canabo Medical Clinic brand, which is staffed by licensed, practicing physicians. Aleafia has more than 50,000 unique patients and maintains the largest medical cannabis patient data set in Canada.
"Our top priority as a company has been to build an experienced team ready to see this project to fruition. This acquisition solidifies our position as one of Canada's leading medicinal cannabis companies and will realize long-term benefits for our patients and shareholders," said Aleafia's CEO Geoff Benic.
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